‘Blue Ocean’ opportunities
Offerings. ‘Red oceans’ and ‘blue oceans’. The need for radical innovation. Principles of Blue Ocean strategy. Overview of the strategy canvas.
Market Sensing
Analytical tools and frameworks. Creating a Strategy canvas. The 4 actions framework. The eliminate-reduce-create—grid. Interpreting Value curves
Reconstructing market boundaries
Look across - alternative industries, Strategic Groups within industries, the chain of buyers, complementary product/service offerings, functional or emotional appeal to buyers, Time. Conceiving new market spaces
Refining the proposition
Visual awakening, visual exploration, Visual Strategy Fair, Visual communication. Using the Pioreer-Migrator-Settler map. Reaching beyond existing demand, Identifying Buyer Utility. Refining the proposition
Overcoming organisational resistance
4 barriers to execution – resource, cognitive, motivational, political. Identifying and overcoming resistance. Using “fair process” to ease implementation
Design following/leading strategy
Exploring the concept of design as strategy. Considering inventions vs discovery. The Use of design thinking and its implications for strategy. Creating new ideas and developing design concepts
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